Hi,

Just a heads up… to be eligible for the free land you usually have to live in the area for a period of time.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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HI,

Thanks for your post and welcome to the forum.

quote:

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I just ask because it would be good to have a ‘base of operations’ rather than checking a few dozen individual loans / repayments etc.

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A few years back St. George offered a portfolio loan, which was one facility with a number of sub-loans. In essence this allowed for easy admin by having just the one main account.

Re: question about lending. It comes down to an issue of servicability and risk. Lenders usually allow repayments up to 30ish% of income. The LVR would usually be 80% – perhaps higher in some circumstances, or lower if you are self-employed with no financial track record.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

I’m not a big advocator of this approach at all. In fact, I think it stinks.

It sounds good in theory, but it relies on putting in low-ball offers that get accepted on (usually) a 1:100+ ratio.

My time is far too important to go putting in a mass of offers with little or no chance of success. Worse stiil, it will burn the relationship you might build with a real estate agent who actually has to submit the offer and then gets abused for doing a poor job.

You also need to be very careful about signing contracts and pulling out too often. Sooner or later agents will treat you as a tyrekicker. [V]

I recommend a much more direct approach of finding a property you want to buy and then working out a way that you can make money from it by solving problems in a win-win way.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

One of the soon to be released additional features of this site is a system whereby people who know of deals can advertise them within strict guidelines which includes giving an initial outline of the numbers.

This is will be a paid service (something nominal, say $20 per deal) for the person submitting the advertisment. Alternatively people can subscribe (another nominal quartely fee) for a priority access service where they are notified every time a new deal is posted to the site.

I hope to have this released by the end of the month.

Stay tuned for more info…

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

quote:

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P.S. The rest of this message has been self-censored (to save you the time of doing it).

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See Bec, I knew you could actually adhere to the rules if you set your mind to it.

Now, having done the interview I can tell you on good authority that the aim of the MAP was to control $1m in property (and not to make someone a millionaire) within 12 months. This was said on camera and broadcast as said.

As for getting away, or not getting away, with anything… let’s just wait the required 12 months and see what happens.

Now, pertaining to your comment about deleting posts etc… I’m not fussed by your criticism… far greater minds have had much better things to be critical of.

I simply reject any posts made by you (or anyone else) that are in what the average reader might would deem as bad faith.

As the owner of this site and one of the moderators, I guess I set the tone and if you don’t like the editorial policy then… start up your own forum and do what you like.

Until then – live by the rules or don’t post.

Bye,

Steve McKnight

**********
Remember that success comes from doing things differently.
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No advertising please.

Steve McKnight

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Remember that success comes from doing things differently.
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Hi Mike,

The new site to be released shortly will have a google search function that can be used on the entire site.

The engine that Snitz uses seems a little clunky, but then again we do have a massive database.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

You talk… we listen!

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

I’ve moved your post to the property forum as it is more appropriate there.

Another ad? How about a comment from a happy customer? *sigh* It’s not too hard to spot the cynics.

Anyway, DRB – thanks for your post and I’m delighted you enjoyed the book and other resources.

What I suggest you do is look for properties that have problems which you ave the power to fix. At first glance they may not meet the 11 sec solution, but with further investigation you may find the diamond in the rough. The deals with problems aren’t usually advertised, but they’re out there… they must be because the NSW guys from the MAP program keep telling me that they’re out there.

Wishing you the best of success.

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

(post moved)

Because you don’t know what you don’t know… and what you don’t know more than likely will cost you money!

If you can’t do it, then you need to pay someone to do the due diligence on your behalf.

I wouldn’t recommend buying sight-unseen until you have a system developed and a reputation of success based on previous actual experience.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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